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/10

MSG

Singapore|5-10 years|
MT4 Full License|

https://www.msgtrader.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

MasterSelectGroup-Live

MT4
6

Influence

C

Influence index NO.1

Taiwan 2.84

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
MasterSelectGroup-Live MT4
Server Location

Influence

Influence

C

Influence index NO.1

Taiwan 2.84

Surpassed 77.09% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

cs@msgtrader.com
https://www.msgtrader.com/en/
https://www.facebook.com/msgforex/
https://twitter.com/msgforex
  • The claim standard per customer is 2000 dollars

    IAP · Legal aid B

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

MASTER SELECT GROUP LIMITED

Company Abbreviation

MSG

Platform registered country and region

Singapore

Company website
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Pyramid scheme complaint

Expose

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Pyramid scheme complaint
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Unable to Withdraw

Forcibly deduct 6000 profit

I do not violate anything, and trade normally. Asked you to withdraw the principal. The principal has been paid out, I cannot find anyone. So far, no one has answered. Such a big platform is embarrassed to do activities. Who dares to invite customers to your platform, don't lie to us, I hope MSG will solve it

2022-12-02 00:16
Unable to Withdraw

On March 29, 2023, I applied for a withdrawal of USD 3456, and I have not allowed the withdrawal until today and have not received any reply

I closed all positions on 2023/3/29 and applied for a withdrawal of USD 3,400. On April 4, 2023, MSG received an email saying that the withdrawal was not allowed due to transaction violations. But I don't have any violations, so I sent Line to ask customer service. The customer service consulted finance for many days without telling the reason. When I sent an email to support@magforex.com asking about withdrawal related issues, the email bounced back. Calling the customer service number on the official website again is also an empty number. On April 6, 2023, the customer service asked me to resubmit the withdrawal application. I applied again on April 6, 2023, and there is still no news on April 13, 2023. This kind of platform that does not allow customers to withdraw money should let everyone involved in the transaction know. Attach a screenshot and hope the platform can assist in the negotiation. If it still fails, I should go to the police to deal with it.

2023-04-13 13:35
Unable to Withdraw

Unable to withdraw funds, unable to contact customer service, not responding to emails, and not responding to WeChat contacts. The most outrageous thing is that the product fluctuation interface cannot generate any transactions.

I have been on the platform for many years and I can be regarded as an old user, and trust in you. You are my first choice. Hope to give me an explanation. I can't get in touch right now. Hundreds of thousands fluctuate back and forth in the account and cannot do any transaction operations, and no one can be contacted for any reason. Think that other people's money is blown by the wind. Maxun is such a platform.

2023-07-03 22:55
Unable to Withdraw

MSG rejects withdrawals

On March 30, 2023, I will close all positions and apply for a withdrawal of USD 3,400 (a total of USD 3,456 in the account). On the afternoon of April 4, 2023, I received a letter from MSG, claiming that my transaction violated the rules and I was unable to withdraw funds. I immediately asked the customer service line provided by MSG, and the customer service said that I needed to ask about finances. But as of this morning, there was no reply as to why the withdrawal was refused. Just keep saying need to wait for finance. The last time I refused to withdraw money made me wait for two weeks, and the reason given to me later was that Visa checked my transaction records. I asked if it would be impossible to deposit money with a credit card in the future. MSG said that it is also possible to deposit money with a credit card. This time I don't know why it said that my transaction was illegal. I also sent a letter to support@msgforex.com, and the letter still bounced back. The business phone number provided on the website is still empty.

2023-04-06 11:01

    MSG · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    MASTER SELECT GROUP (MSG, for short) is an online broker that provides online trading services to investors worldwide. MSG currently holds a retail foreign exchange license from the Vanuatu VFSC (license number: 40378).

    Market Instruments

    MSG provides investors with financial trading products such as foreign exchange, precious metals, crude oil, indices, US stocks, and cryptocurrencies.

    image.png

    Minimum Deposit

    MSG offers all investors a trading account with a minimum deposit of $500, a high amount for most regular traders to get started.

    MSG Leverage

    In respect to trading leverage, this part is not fully disclosed. According MSG customer service staff, the trading leverage differs depending on various instruments.

    Spreads & Commissions

    As spreads listed on MSG website, they are super high. The spread on EURUSD, GBPUSD, AUDUSD pairs is as high as 30 pips, 50 pips for XAUUSD, 4 pips for XAGUSD, and 5 pips for Crude Oil. Most legit brokers offer the spread on EURUSD around 1 pip to 1. 5 pips. So here, we can judge MSG is not a legit broker, and traders should stay away from this broker.

    image.png

    Trading Platforms

    MSG provides investors with the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android versions. The platform offers traders a wide range of trade execution features, unlimited charts, rich technical indicators and curves, custom indicators, and scripts to support traders in implementing any easy or complex trading strategy.

    Deposit & Withdrawal

    MSG supports traders to deposit and withdraw funds to their investment accounts via credit card, wire transfer, and USDT cryptocurrency.

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